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Lecture 19
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ETHICS AND SUSTAINABILITY
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10/12/2019LECTURE 19: ETHICS AND SUSTAINABILITY
TODAY’S TOPICS TODAY’S LEARNING OUTCOMES
• What is business ethics and why is it important? By the end of this session you will be able to:
• How is business ethics different across the • Discuss why business ethics is
globe? important in business
• How is globalization relevant to business ethics? • Understand the role of ethics
• What is sustainability from a business point of globalization
view? • Examine the triple bottom line
BUSINESS ETHICS
• The study of business situations, activities, and decisions where issues of right and wrong
are addressed
• When we look at ethics, we look at decisions taken by people and what went well/bad.
WHAT PERCENTAGE OF THE WORLD’S CHILDREN ARE ENGAGED IN LABOUR?
A. 0.2 % Answer is D
B. 3% Involves children not
C. 7% going to school, but
D. 11% full time working
HOW MANY PEOPLE WORLD-WIDE ARE ESTIMATED TO BE IN SLAVERY?
A. 3.4 million
B.Answer
26.1 million
is C
C.It is40.3 million
about 2/3 of UK’s population throughout the world
D. 52.3 million
ISN’T CAPITALISM ABOUT MAXIMISING PROFITS?
(Profits are fine – it’s how they are realised)
Yes, it is and each one of us is a part of the chain. This is because we buy products without
knowing how they are made. We do not know if a certain product is made though slavery labor.
COST LEADERSHIP, POOR LEADERSHIP?
Industrialised/post-industrialised/emerging economies
And unpaid strip searches = below minimum wage
AMAZON RAINFOREST: BETWEEN 1991 AND 2004, WHAT WAS
THE HIGHEST ANNUAL FOREST LOSS RATE PER YEAR?
A. 5,231 km² Answer is C
B. 16,897 km² Business can affect the
C. 27,423 km² environment.
D. 34,962 km²
PICKING AND CHOOSING: SELECTIVE ETHICS
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